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I am not all that familiar with the Gillette management's attitude to retail investors. Still, I have a faint memory that in the early years of this decade, they took some initiatives that was not perceived by the investment community as a fair practice.Though later, they won back their hearts by infusing a great deal of money into the company. This was a very generous gesture. I no longer remember the exact details. If anyone is aware of what transpired, I suggest you to come forward and share those for the benefit of all our boarders.
There have been many buyouts in the past, especially from MNCs. I have participated in a few of them, including Astra IDL, Cabot and Infar. The retail investors were not fairly rewarded in all of them. The Indian buyouts are also not often very fair, Recently there was a buyout to delist Parry Agro, a holding company of the Murugappas. They got away with paying just half its intrinsic value. Not to mention about how the Ruias recently tried to pickpocket their fellow shareholders. I am afraid that in most cases the small investors are taken for a ride. Therefore it is not easy for me to accept that we might get a fair deal from Gillette buyout, if there ever is going to be one.
In the event of a buy out, the Indian promoter may be our one last hope to get a fair deal. This happened recently in Wyeth though it was not during a buyout. A few years back, Wyeth tried to launch a block buster through their unlisted 100% subsidiary. The Atul group, with representation in the board, rallied the retail investors around them and spearheaded the fightback and thwarted the parents attempt to bypass the listed entity. If Wyeth has a worthwhile PE multiple today, it is due to that assertion. Obviously the Atul group may have been guided by pure self-interest rather than any real concern for the small investor. But it did save the day for the hapless retail investor.
I don't know the Poddars. However, I see them (and their spanner in the works, if there is one, as assumed) as our margin of safety if the parent tries to ruthlessly cannibalize the retail investor. With these observations I am not questioning your assessment of the situation, only sharing a few of my thoughts, inspired from experiences as a small fish among corporate sharks....
In reply to:
gillet
Posted by :
chief_kamani
psgs= indian promoter is indeed greedy!!He is holding all share holders to ransom!! 
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Every bit of information published in to-days Eco times is absolute truth except the statement of ABG THAT the matter is in the courtThis is for information of all concerned that even after elapsed of 13 months of so called ABG take over NO case of amalgation or take over by ABG has been filed with HON Highcourt of mumbai at GOA please confirm the same from the Registar if you so desireInformation of case having filed by the management or secretrial department is misleading and not correctThe news about UTI AMC is absolutely true so about non CDR members as mentionedCompany is putting obstrucles converting UTI dues in to equity as per agreement where as this has been done for all CDR members Banks.It WOULD BE INTERESTING THAT ONE SHOULD VISIT THE YARD at GOA to see things and discuss the matter face to face with the management....
In reply to:
what is the future ofwis
Posted by : Guest
Guys
This is a big problem for us. Further delay. God knows whether small investor like us will get any returns. Read below news from ET
A couple of stakeholders of Western India Shipyard have filed a caveat before the Goa High Court, pleading a hearing before the court gives an order on ABG Shipyard’s acquisition of Western India Shipyard, report Apurv Gupta & Sumantra Das in Mumbai.
The duo, Kanta Devi Chaudhury and Suresh K Jajoo, have alleged procedural lapses, including failure to secure shareholders’ approval required under the Companies Act, 1956. An official at UTI Asset Management Company, one of the debenture holders in the company, said it too plans to file a caveat.
When asked about the development, a senior ABG Shipyard official said: “The matter is with the court now. Our company will remain neutral until any court order.”
These stakeholders have raised objection to the fact that members of the Corporate Debt Restructuring (CDR) cell have approved the scheme of arrangement between WISL and ABG without any open-tender process on the basis of Expression of Interest. Under the restructuring package proposed by the CDR cell, WISL has already restructured its share capital downward from Rs 108.54 crore to Rs 21.72 crore, and also restructured its debenture liability from Rs 42.48 crore over the years to around Rs 96 lakh through the conversion of its non-convertible debentures of Rs 60 each into six equity shares of Rs 2 each at par as per the scheme of arrangement approved by the Bombay High Court filed with BSE.
As per the scheme, there will be two options; the first option provides for repayment over nine years with conversion of dues in two phases of 36% and 42% into equity shares at Rs 2. The second option provides for a one-time settlement (OTS) repayment of 42% of the loan within 10 days, in terms of the scheme filed with BSE.
The stakeholders have alleged that the scheme was unfair and was being pushed through by the company’s board of directors headed by three nominees of ICICI Bank with the approval of CDR members. It was detrimental to the interests of small creditors, shareholders and non-CDR members. When contacted by ET, an ICICI Bank spokesperson said: “It would be inappropriate for ICICI Bank to comment on client specific issues.” The stakeholders’ charge that CDR members have ignored the views of the non-CDR members like IndusInd Bank, Punjab and Sind Bank, Janata Sahakari Bank, UTI and Saraf/Jajoo and the Chaudhary group (ex-NCD holders).
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Is it true that it has been settled with Dhoots of Videocon that HFCL info will be merged with Datacom...
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buy lanco infra at 291 and 285 lavel price tgt 440 till 8 sep...
www moneymakerindia.741 com......
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Can share your GOOD news so other investor also become happy...
In reply to:
GHCL
Posted by :
SI Forum
Target Rs 120/- Good news ! Good news!!
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bababull u please take a look at the share holding pattern of TD marin einthe new site. it\\`s not as expected i think....
In reply to:
pranav sanghavis ridiculous view on TD
Posted by : bababull
from rediffdotcom
idea cellular asked, hi what about taladata informatics
PRANAV SANGHAVI answers, Teledata was to issue sares of 3 wholly owned subsidiaries of the company. It had applied to the Courts for the demerger. I have not heard from the company since. I think one should hold if the shares are actualy being issued.
Tracked by: 1 Boarder
Were u asleep for last 2 days , not seen the closing prices!!!!!!!!!111...
In reply to:
shrt term target 25 6mnt trgt 35
Posted by :
raaj2
are yaar this stock will not move up
Tracked by: 0 Boarder
TO all indian investor i request to buy
Nagarjuna Construction Co. (BSE: 500294 | NSE: NAGARCONST) at 120-123 lavels for three(3years) prospective for tgt of 670-780 rs.not 2 worri bcus our big b in this stock.As i invested in it at 126 n i m trying to invest in it all down side.www moneymakerindia.741 com ...
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Moser share has been decline right since 345. it recovered from 117 to 195 in the last fall. but bcoz whole market crash it came down to 87.
You can see this stock trading at 145 in two months time. Market is waiting to see the peak of inflation and it\\\\`s decline. Once the inflation start declining Moser baer can go to 145 in a very short time.
Remain invested and buy more at any decline in this stock now.
Here the risk is less and reward is more.
...
In reply to:
query on moser baer share
Posted by : arvind.sindwani
I have 300 shares of Moser Baer @ Rs.103. i want to invest for short term. should i hold the stock or exit.
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hello
i will tell you that this is very good stock in every 2 year you will get double your money in this stock hold this stock for a period of 2 year say sept,2010 market will give u minimum price of 350+ so hold this stock very good sectore i will tell u in this sector lot of buying is to come in near future by m.fund & fii dont miss this sectore it is very good sectore at present in other sectore
by ...
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Guest, kindly do your research before making any blatant statements!! Did you know that private equity funds such as Citigroup and CLSA Mauratius have invested huge sums of capital in the company. Did you know even know that George Soros had picked up a 4.69% equity stake in this company in Oct-07 when this company acquired Sher in Kenya to become the world's largest producer of roses. I seriously have my doubts whether you even know who George Soros is!! These funds are not stupid to invest their capital in some company that produces roses in their backyard!. Well, you also seem to have a very cynical opinion on media and it looks like you need to start your own telecast channel!!
Well do your research and maybe then you may have a better understanding of what this company is capable of.
...
In reply to:
Olympics and karuturi roses
Posted by : Guest
No one has acknowledged that Karuturi is the world leader in rose, he himself is declaring so. He himself gives interview / statements. there is no concrete proof for that. It is like someone on the board will come and say that he has invested 2 crores in share market and got a benefit of 5 crores in a single day. Media and website are there to telecast and display any damn cheap thing nowadays.
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buy uttam galva steel in current prise .beacause promoter increse holding day by day.fundamentaly stock is very good.e.p.s @ 11.00 & p.e. only 3.5.book value also very good.minimum target 55.00 and above 62 ,cross 100 as a rocket....
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For questions on any topic log on to: qna dot indiataimes dot com...
In reply to:
calculating tax in Ranbaxy open offer
Posted by : Guest
Hi Boarders,
I have a query regarding the tax aspects of Ranbaxy open offer.
My father bought some shares of Ranbaxy 15 years back and after all the numerous bonus and splits they have become 400 in number. Now if he puts all the 400 shares for the offer, how would the tax be calculated? How would be the acquisition price calculated? I believe that since these are categorized under long term the tax rate would be 10%, but the main question is that how to calculate capital gain. Thanks for help!
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Buy at current level for Rs. 350/ - in 5 days...
In reply to:
Indiabulls Real moves down sharply
Posted by : MMB Messenger
At 2:27 pm, Indiabulls Real Estate was quoting at Rs 292.85, down Rs 23, or 7.28%. It has touched an intraday high of Rs 323 and an intraday low of Rs 290.30. It was trading with volumes of 1,060,307 shares. Yesterday the share closed up 1.53% or Rs 4.75 at Rs 315.85.
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At 2:27 pm, Indiabulls Real Estate was quoting at Rs 292.85, down Rs 23, or 7.28%. It has touched an intraday high of Rs 323 and an intraday low of Rs 290.30. It was trading with volumes of 1,060,307 shares. Yesterday the share closed up 1.53% or Rs 4.75 at Rs 315.85. ...
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